Operation Economic Outcast just bagged another big target. The US Treasury officially sanctioned Iranian crypto exchange BitBank, hitting the digital infrastructure tied to financier Babak Zanjani. According to OFAC, the platform was used by Hormuz Safe to move ship passage payments to the Iranian regime. Separately, Treasury alleges Zanjani used BitBank to funnel hundreds of millions of dollars in Bitcoin directly to the IRGC. Quick heads-up for traders, this is an Iranian exchange created in 2024, not to be confused with Japan’s licensed exchange of the same name.